Research On The Problems Existing In The International Control System Of J Branch Of Z Insurance Company And The Countermeasures

Nowdays,the insurance business is booming,socio-economic development and the improvement of people's living standards provide significant opportunities for the insurance industry,Many small and medium-sized insurance companies have sprung up,which have led to increasingly fierce competition in the insurance industry.However,for a long time,unprofessional insurance sales have entrenched consumers' prejudice against insurance.What's more,in the insurance industry in China,large insurance companies have been established good reputations among consumers because of their early establishment,large scales,and high degree of specialization.Facing fierce market competition,it is necessary to improve the comprehensive strength and competitiveness of small and medium-sized insurance companies,the key of which is to improve the operating mechanism of the internal control system.The level of the internal control system reflects the value and prospects of insurance companies.Therefore,it is necessary to study and improve internal control of small and medium-sized insurance companies.This article takes J Branch of Z Insurance Company for the research object,and the writer comprehensively uses ISM and the five elements of internal control theory to conduct an in-depth study of J Company's internal control system.First,it sorted out a large number of domestic and foreign literature on the insurance industry and internal control system.Second,it introduced the development status of J Company and analyzed the internal control system of J Company in terms of control environment,risk assessment,control activities,information and communication,and supervision.Then,the existing problems of J Company's internal control system are pointed out,the underlying causes of the problem are analyzed,and the analysis of the ISM interpretation structure model and the analysis of the questionnaire is used to summarize the core factors affecting the internal control system of J Branch.Based on the core factors of the system,an improvement plan for J's internal control system was proposed.Finally,according to the content of the improvement plan for J's internal control system,corresponding safeguard measures were proposed to improve operating efficiency and overall strength of the company's internal control system.This article has two meanings.First,for company J,this paper is conducive to improving the current status of the company's internal control,preventing risk factors in the operation of the enterprise,improving the efficiency of business operations,and helping to improve the internal control system and overall strength of company J;Secondly,for other small and medium-sized insurance companies,the research on the improvement of J's internal control system is also of reference value to other small and medium-sized insurance companies.